Overall performance proceeds to replicate seasonality as properly as the pandemic situation. Additionally, while details for 27-28 August showed a preliminary demand shift in the Gulf region, the effect of Hurricane Ida is expected to be a lot more significant in foreseeable future months of information. STR will present Hurricane Ida investigation in the coming months.
For the Week Ending August 28th U.S. Hotel General performance Continued to Drop from Preceding Months
U.S. lodge performance ongoing to decrease from past months, in accordance to STR‘s hottest information through 28 August.
22-28 August 2021 (percentage transform from similar 7 days in 2019*):
- Occupancy: 61.% (-8.4%)
- Normal everyday charge (ADR): US$131.91 (+3.2%)
- Revenue for every offered space (RevPAR): US$80.53 (-5.5%)
Overall performance continues to mirror seasonality as properly as the pandemic problem. Also, whilst information for 27-28 August showed a preliminary need shift in the Gulf area, the influence of Hurricane Ida is anticipated to be a lot more sizeable in foreseeable future months of info. STR will give Hurricane Ida examination in the coming weeks.
Amongst the Top rated 25 Markets, Norfolk/Virginia Beach recorded the greatest occupancy (+2.8% to 71.4%) and RevPAR (+21.1% to US$106.68) will increase more than 2019.
San Francisco/San Mateo skilled the steepest decline in occupancy when when compared with 2019 (-43.2% to 50.3%).
Miami documented the most significant ADR maximize more than 2019 (+27.5% to US$173.61).
The most significant RevPAR deficits had been in San Francisco/San Mateo (-65.6% to US$81.15) and New Orleans (-46.5% to US$37.96).
*Thanks to the steep, pandemic-pushed performance declines of 2020, STR is measuring recovery against equivalent time periods from 2019.
STR delivers top quality details benchmarking, analytics and marketplace insights for worldwide hospitality sectors. Established in 1985, STR maintains a existence in 15 nations with a corporate North American headquarters in Hendersonville, Tennessee, an global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was obtained in Oct 2019 by CoStar Team, Inc. (NASDAQ: CSGP), the primary company of commercial actual estate info, analytics and on-line marketplaces. For far more information and facts, remember to check out str.com and costargroup.com.
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